Vancouver, British Columbia - November 20, 2017 - Ely Gold & Minerals Inc. (TSXV: ELY) (OTC Pink: ELYGF) ("Ely Gold" or the "Company")
is pleased to announce that effective November 22, 2017, the Company
will receive all necessary approvals to change the name of the Company
Ely Gold Royalties Inc.
Trey Wasser, Ely Gold's President & CEO commented, "Ely Gold Royalties has now completed a series of important property and asset purchases and we believe this name change better reflects our dynamic business model. The Company has originated or purchased 20 deeded royalties in the past 24 months and, in that time,we have increased our optioned property portfolio by 200%. We have successfully transitioned Ely Gold into an emerging royalty company and this name now reflects our value to shareholders as a low risk proxy to the gold price."
About Ely Gold Royalties
Gold Royalties offers shareholders a low risk leverage to the current
price of gold and low-cost access to potential long-term mineral
royalties. Ely Gold has built a portfolio of properties that produce
recurring cash flow from mineral property options, advanced royalty
payments and the potential to generate future operating royalty payments
and dividends. Ely Gold's growing royalty portfolio is organically
developed from the consolidation, enhancement and resale of highly
prospective, unencumbered, precious metals properties located in located
in the Western U.S., with a focus on projects in Nevada. The Company's
business model includes property acquisition and advancing the potential
of each property, employing our extensive database, while retaining
royalty interests. The growing portfolio, under this business model, is
generating steadily increasing revenue from 17 optioned properties and
20 deeded royalties with future growth expected from over 12 properties
currently available for sale or option.
Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.